Leasing chugged along at a steady pace with all areas of Manhattan getting their share of the transactions.
...During the year, many large law firms like Skadden renewed or signed new leases said Frank Doyle, vice chairman, JLL. “The market is very, very healthy right now.”
These law firms included White & Case signing to move to 489,495 feet at 1221 Ave. of the Americas; Weil Gotshal & Manges remaining in 390,000 feet at 767 Fifth Ave. and Neuberger Berman leasing 402,000 square feet in a move to 1290 Ave. of the Americas.
The largest deal was completed in February when Time Warner sold its offices at Columbus Center to Related through Eastdil Secured and promptly leased the 943,438 square feet back again through Savills Studley until its new tower at Related’s Hudson Yards is complete.Lease of mind: Tenants sign on to office space in healthy numbers
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National Office Sector Report (Q3 2014)